Power Nickel Inc (TSE:PNPN) has released an update.
Power Nickel Inc. has launched a private placement to raise C$2 million through the sale of 10 million common shares at $0.20 each, with conditional approval from the TSX Venture Exchange. The funds are earmarked for general corporate purposes, with a focus on expanding investor communications, following a year where half a million was invested in such efforts. The company is advancing its Nisk project with the goal of establishing Canada’s first Carbon Neutral Nickel mine and has made significant land acquisitions in both British Columbia and Chile.
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